New Brazilian deep sea development
Brazil’s state of Espirito Santo is set for a new deep sea port – a result of a new joint venture signed by the Rotterdam Port Authority and Terminal Presidente Kennedy (TPK) Logistica.
The ‘greenfield’ port will be built in the southernmost part of the state, in Vitória, in the industrial heart of Brazil. It will be a deep sea port for the handling of oil, gas, dry bulk, containers and general cargo. It will also serve as a support centre for the strongly growing offshore sector in the region.
Around 30 million tonnes of cargo is transported each year between Brazil and the Port of Rotterdam, with iron ore traditionally the major cargo type, making it the most important northern European port for Brazil.
Rotterdam Port Authority says its main role in the new venture will be to provide its knowledge for the development of the port.
The Authority has been operating in Brazil since 2010, when it was asked by the Brazilian government to advise on a strategic study into remodelling the aged Brazilian port sector, which consists of 34 public ports along the 8,000km coastline.
Over the coming months, existing market interest will be specified and the required permits will be obtained.
An investment decision will not be made until a later stage.
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